BOARD OF BANK INCORPORATION
Applications Pending
Belmont Savings Bank, Belmont, Massachusetts - permission to establish a mutual savings bank in conjunction with its multi-step reorganization into a mutual holding company, BSB Bancorp, MHC, with a mid-tier holding company, BSB Bancorp, Inc. The continuing bank will operate under the name Belmont Savings Bank. Comment period ended April 28, 2009.
Middlesex Bancorp, MHC, in formation (the "Petitioner"), Natick Massachusetts - permission to acquire Service Bancorp, MHC and its subsidiary bank, Strata Bank, Medway, Massachusetts in a multi-step transaction. The Petitioner is the proposed mutual holding company for Middlesex Savings Bank, Natick, Massachusetts. Comment period ended April 28, 2009.
DIVISION OF BANKS
Decisions/Notices
HarborOne Credit Union ("HarborOne"), Brockton and NationsHeritage Federal Credit Union ("NationsHeritage"), Attleboro - permission to merge under the charter, by-laws and name of HarborOne. The main office of HarborOne would remain the main office of the continuing credit union and the banking offices of NationsHeritage would be retained as branch offices - approved May 15, 2009.
Greenfield Co-operative Bank, Greenfield - notice to establish a branch office at 33-37 Bridge Street, Shelburne Falls - non-objection issued May 21, 2009.
Applications/Notices Pending
Belmont Savings Bank, Belmont - permission to reorganize into a mutual holding company, BSB Bancorp, MHC, with a mid-tier holding company, BSB Bancorp, Inc., as part of a multi-step transaction. Comment period ended April 28, 2009.
Eastern Bank, Boston - notice to establish a branch office at 375 Iyannough Road, Hyannis. Filed May 20, 2009.
Energy Credit Union (the "Credit Union"), Waltham - permission to redesignate its main office from 52 Second Avenue, Waltham to 160 Spring Street, West Roxbury in conjunction with the proposed relocation of its branch office in West Roxbury from 2029 Centre Street to 160 Spring Street. In connection with this petition, the Credit Union has filed applications to close the office at 52 Second Avenue, Waltham and to establish a branch office at 40 Sylvan Street, Waltham. Comment periods ended April 27, 2009.
Enterprise Bank and Trust Company, Lowell, Massachusetts - permission to establish a branch office at 60 Crystal Avenue, Derry, New Hampshire. Filed April 23, 2009.
Freedom Credit Union, Springfield - notice to establish a branch office at 959 Springfield Street, Feeding Hills. Filed May 22, 2009.
Middlesex Savings Bank ("Middlesex"), Natick and Strata Bank ("Strata"), Medway - permission for the merger of Strata with and into Middlesex. The main office of Middlesex would remain the main office of the continuing institution and the banking offices of Strata would be retained as branch offices, except for the branch offices at 59 Main Street, Hopkinton and 18 North Meadows Road, Medfield which will be closed. Comment period ended April 28, 2009.
River Bank, North Andover - permission to relocate a branch office from 300 Essex Street, Lawrence to 20 South Broadway, Lawrence. Comment period ended May 25, 2009.
Southbridge Savings Bank, Southbridge - permission to close a branch office located within Big Y Supermarket, 100 Mayfield Street, Worcester. Comment period ended May 29, 2009.
The Provident Bank, Amesbury, Massachusetts - permission to establish a branch office at 321 Lafayette Road, Hampton, New Hampshire. Filed May 12, 2009.
The Provident Bank, Amesbury, Massachusetts - permission to relocate a branch office from 120 Water Street, Exeter, New Hampshire to 95 Portsmouth Street, Exeter, New Hampshire. Comment period ends June 5, 2009.
JUNE 2009 FILING DATE
Complete applications for the June Activity Report must be received by the Division or the Board on or before 5:00 P.M., Monday, June 15, 2009.
COMMUNITY REINVESTMENT ACT DESCRIPTIVE RATINGS AND EVALUATIONS
WHICH BECAME PUBLIC DURING THE MONTH
The following state-chartered institutions have Community Reinvestment Act Descriptive Ratings and Evaluations describing the basis for the Rating issued by the Division of Banks pursuant to Massachusetts General Laws chapter 167, section 14. The ratings, as set out in the statute, for a bank's record of meeting community credit needs are: Outstanding ("O"); High Satisfactory ("HS"); Satisfactory ("S"); Needs to Improve ("NI"); and Substantial Noncompliance ("SNC").
| Financial Institution | Rating | Date of Examination |
|---|---|---|
Fall River Five Cents Savings Bank, Fall River | O | 01/26/09 |
Industrial Credit Union, Boston | S | 02/10/09 |
Mayflower Co-operative Bank, Middleboro | O | 03/09/09 |
Stoneham Savings Bank, Stoneham | S | 01/12/09 |
Wemelco Credit Union, Springfield | S | 03/30/09 |
APPLICATIONS TO SELL INSURANCE
None
CHECK CASHER LICENSES
Hearing
June 11, 2009
Harborside Community Center
312 Border Street
East Boston, Massachusetts
At 6:00 p.m.
Bennington Convenience Store, Inc. d/b/a Sava's Market, East Boston - permission to operate a check casher office at 150 Bennington Street, East Boston. Comment period ends June 18, 2009.
Decisions
Forest Hills Check Cashing, Inc., Jamaica Plain, Massachusetts - permission to operate a check casher office at 18 Central Street, Norwood - approved May 22, 2009.
Applications Pending
Castleridge, Inc., Fitchburg, Massachusetts - permission to operate a check casher office at 442 Mechanic Street, Fitchburg. Comment period ended November 20, 2008.
PLEASE NOTE: All publications of the Division of Banks are now delivered electronically. To subscribe, simply send an email to:
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If you need assistance or have questions, please contact Bernard N. Waxman at 617.956.1571.
For information relative to current Activity Reports please contact the Consumer Assistance Unit .